Thinking about snatching up an AT&T iPhone, unlocking it, breaking contract, and selling it on eBay for a small profit?
Yeah, that’s not gonna work anymore.
The Wall Street Journal is reporting that AT&T’s planning on doubling the early termination fees for smartphone contracts from $175 up to an oh-so-painful $325, with the fee dropping by $10 for each month the customer stays in the contract. On the upside, the ETF for feature phones is going from $175 to $150 (dropping $4 each month), so your lucrative feature phone unlocking business is a-okay. Those exist, right?
All of the ETF changes are purportedly set to begin on June 1st.